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Subrahmanyan also said various policy measures toSubrahmanyan also said various policy measures to facilitate ease of doing business, expansion of hi-tech manufacturing base and attracting foreign investments need to be implemented well to revive investments and sustain economic growth in

Subrahmanyan also said various policy measures to

Subrahmanyan also said various policy measures to facilitate ease of doing business, expansion of hi-tech manufacturing base and attracting foreign investments need to be implemented well to revive investments and sustain economic growth in the long run.

On the international front, the company continues to strengthen its position and pursue select prospects in the core infrastructure and energy sector.

"We are well placed to benefit from the emerging opportunities and sustain its leadership position across the sectors," he added.

During April-September, the company laid off 14,000 jobs across its businesses.

"It was a strategic decision that if a business is not in good shape, we are trying to resize it. If there is time to get the business back to normalcy, it is important to reduce the under-recoveries. So, (in) the jobs that we are finding redundant, we are allowing people to move on," Raman said.

Subrahmanyan added that the company has tried to look at its businesses in a different way to remain competitive.

"We have tried to make our back offices more digital. There are certain low performers (businesses) and we have to relook at them. In the competitive world, you need to be agile and smart and to move forward. We have an employee base of 1.2 lakh. This laying off was a one-time move and not a target that we are running behind," he added. PTI PSK NRB ARD JMF

This is unedited, unformatted feed from the Press Trust of India wire.

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